Iraqi Foreign Minister Fuad Hussein on Friday held talks with the US Department of Treasury’s Under Secretary for Terrorism and Financial Intelligence, Brian Nelson, on Iran’s financial dues in the Trade Bank of Iraq.
A statement from the Iraqi Foreign Ministry said topics of discussion included bilateral, economic, and financial relations and reviewed reforms implemented by the Central Bank of Iraq.
Nelson said earlier that Iraq had made notable progress in stamping out illicit activity in its financial system but some continue to misuse the Iraqi economy for illicit gains.
Ali al-Alaq, the governor of the central bank, said he had held talks with the US Treasury to review sanctions imposed against Iraqi banks and that both sides agreed to reconsider the sanctions, which came amid a crackdown on transferring US currency to Iran.
US State Department spokesman Matthew Miller said earlier in March that the US had extended a 120-day waiver that allow Iraq to pay Iran for electricity supplies, with funds only available for humanitarian goods and agricultural products.
